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SSP in the eye of the storm

SSP in the eye of the storm

SSP’s (SSPG) half-year results arrive belatedly on Wednesday 3 June, having been delayed from their original 13 May release date - the airport and railway food and beverage concession operator wanted more time to incorporate the present economic mess in its announcement. Given that its half-year runs to 31 March, and that global travel restrictions were mostly in place for a fleeting part of this period, we’ve not been led to expect a massive coronavirus blow to its interim figures. SSP’s Asia-Pacific business, which accounts for around 8 per cent of its turnover, did incur some pain during February, owing to a sharp decline in passenger numbers. SSP expects its overall half-year revenues to drop by 3 per cent on a constant currency basis.

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